Gruss Capital Management LP Buys 85,000 Shares of VeriSign, Inc. (VRSN)

Gruss Capital Management LP raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 920,000 shares of the information services provider’s stock after purchasing an additional 85,000 shares during the quarter. VeriSign comprises 8.5% of Gruss Capital Management LP’s holdings, making the stock its 3rd biggest position. Gruss Capital Management LP owned approximately 0.93% of VeriSign worth $97,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Forsta AP Fonden acquired a new position in VeriSign during the 3rd quarter valued at approximately $2,926,000. DekaBank Deutsche Girozentrale increased its stake in VeriSign by 18.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 49,940 shares of the information services provider’s stock valued at $5,001,000 after purchasing an additional 7,948 shares in the last quarter. Pitcairn Co. acquired a new position in VeriSign during the 3rd quarter valued at approximately $585,000. Koch Industries Inc. increased its stake in VeriSign by 10,263.6% during the 2nd quarter. Koch Industries Inc. now owns 875,519 shares of the information services provider’s stock valued at $866,000 after purchasing an additional 867,071 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in VeriSign by 27.4% during the 2nd quarter. Federated Investors Inc. PA now owns 15,972 shares of the information services provider’s stock valued at $1,484,000 after purchasing an additional 3,435 shares in the last quarter.

A number of research analysts have issued reports on VRSN shares. Citigroup upped their price target on shares of VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $105.00 price target on shares of VeriSign in a research note on Thursday, August 31st. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Cowen reiterated a “hold” rating and issued a $103.00 price objective on shares of VeriSign in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. VeriSign currently has an average rating of “Hold” and an average target price of $106.33.

Shares of VeriSign, Inc. (NASDAQ:VRSN) opened at $112.40 on Thursday. The firm has a market cap of $11,083.22, a price-to-earnings ratio of 31.41 and a beta of 1.03. VeriSign, Inc. has a 52 week low of $75.71 and a 52 week high of $118.28. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. research analysts forecast that VeriSign, Inc. will post 3.65 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Gruss Capital Management LP Buys 85,000 Shares of VeriSign, Inc. (VRSN)” was originally reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3079526/gruss-capital-management-lp-buys-85000-shares-of-verisign-inc-vrsn.html.

About VeriSign

VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VeriSign, Inc. (NASDAQ:VRSN).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

Receive News & Ratings for VeriSign Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.